Mining Blog & Mining News

Mining Blog & Mining News

Bitcoin Mining Difficulty Slips For the First Time in 2020 + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Mining news After five consecutive increases, the Bitcoin mining difficulty dropped by 0.38% on February 25, and is estimated to decrease by another 0.91% in 13 days when the next adjustment is set to happen, according to the estimates by major Bitcoin mining pool BTC.com. In total, the mining difficulty increased by around 12% th...
Bitcoin Mining Difficulty Slips For the First Time in 2020 + More News

Ethereum ProgPow Set for July Amid Heavy Opposition

Ethereum core developers have announced rather suddenly that the long-discussed programmatic proof-of-work (ProgPoW) will be implemented as a part of the hard fork scheduled to follow the planned Berlin upgrade. This has once again split the community into different camps of opinion. Two years after its proposal, criticized even by many Ethereum developers, ProgPoW will be arriving to Ethereum. Core developers have agreed during a call last Friday to go with the EIP 1962 (Ethereum Improvement Pr...
Ethereum ProgPow Set for July Amid Heavy Opposition

G20 on Tax, 'Global Stablecoins' and Crypto Market Oversight + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news Finance ministers and central bank governors of the Group of 20 (G20) major economies released a communique after their meeting this past weekend, stating: - "We welcome the recent progress made on addressing the tax challenges arising from the digitalization of the economy.We stress the importance of the G20/OECD ...
G20 on Tax, 'Global Stablecoins' and Crypto Market Oversight + More News

Shopify Joins Facebook's Libra Project + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Libra news Canada-headquartered e-commerce giant Shopify said it has become a member of the Libra Association. "As a member of the Libra Association, we will work collectively to build a payment network that makes money easier to access and supports merchants and consumers everywhere," the company said. Exchanges news Malta Financ...
Shopify Joins Facebook's Libra Project + More News

G20: Think Tank, Ministers, Central Bankers to Talk Crypto, CBDC Policy

The G20 will once again tackle the issue of cryptocurrencies and central bank digital currencies (CBDCs), with an influential think tank, ministers and central bank chiefs set to embark on discussions in the weeks and months ahead. The T20, a research and policy advice network that reports to the G20’s presidency (currently Saudi Arabia) on summit agenda items, has revealed that one of its task forces will be looking into cryptocurrency regulation. The T20’s TF8 team, per its website, will be ta...
G20: Think Tank, Ministers, Central Bankers to Talk Crypto, CBDC Policy

Can Bitcoin Really be Censored, Controlled, and Mass Surveilled?

A recent debate in the Cryptoverse has brought forward yet again a number of vital questions concerning the very basis of Bitcoin (BTC) - and crypto in general: how safe is BTC from censorship, control, and surveillance? The participant in this debate are Kevin Sekniqi, Co-founder and Chief Protocol Architect at blockchain startup AVA Labs, former software engineer at Microsoft on the one side, and on the other, Alex Gladstein, Chief Strategy Officer at Human Rights Foundation (HRF), Vice Presid...
Can Bitcoin Really be Censored, Controlled, and Mass Surveilled?

Surprising Bitcoin Crash Left the Market Bewildered

Following a sharp drop in the bitcoin (BTC) price on Wednesday that brought the price of the asset down by almost USD 1,000 in less than an hour, the market still has no clear answer what caused the drop. As noticed by cryptoasset analyst at ARK Invest Yassine Elmandjra, yesterday’s drop marks the fifth largest hourly U.S. dollar price drop in bitcoin’s history: “the only other time we've seen a greater dollar price drop is at the Dec. 2017 peak.” Looking at it in percentage terms, however, ...
Surprising Bitcoin Crash Left the Market Bewildered

50m-User Chat App Kakao Delays Its Crypto Wallet + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news The Kakao Group’s KakaoTalk chat app-linked crypto wallet Klip will debut this summer, or later than expected. As reported by Cryptonews.com, in November 2019, the company planned to roll out its crypto wallet in the first quarter of 2020. Per Fn News, the CEO of Ground X, Kakao’s blockchain arm, claimed that the wal...
50m-User Chat App Kakao Delays Its Crypto Wallet + More News

Troubled FCoin Goes Bust Leaving Up to USD 116 Million in Limbo (UPDATED)

Troubled Chinese crypto exchange FCoin expects that "the scale of non-payment is between 7000-13000 BTC" (USD 62.5 million - USD 116 million) after it run into troubles last week. The withdrawals have begun, but it'll be slow and there isn't money for all. (Updated at 14:35 UTC: updates throughout the entire text.) As reported, on February 12, the exchange stated that they lost "contact of key personnel in the team" and the company suffered "severe damage to some systems and data." Toda...
Troubled FCoin Goes Bust Leaving Up to USD 116 Million in Limbo (UPDATED)

Top 9 Countries That Endorse Bitcoin

Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com journalists. Bitcoin takes over the digital world. From online retail to video gaming, from banking to travel — crypto adoption keeps gathering momentum in a variety of markets. Some of the industries show great potential to expand after bitcoin adoption, but companies often don’t endorse the process due to a lack of favorable conditions. For example, bitcoin and retail seem to belong together, but the per...
Top 9 Countries That Endorse Bitcoin

Tezos Soars on These 3 Strengths

Juan Villaverde is an econometrician and mathematician devoted to the analysis of cryptocurrencies since 2012. He leads the Weiss Ratings team of analysts and computer programmers who created Weiss cryptocurrency ratings. __ Tezos (XTZ, Rated “B-”) is on fire. It has surged by more than 190% in the past five weeks. And now, it's breaking out to new bull-market highs well ahead of the other altcoins — even ahead of Bitcoin (BTC, Rated “A-”), the reigning King of Crypto. Here are three of the ...
Tezos Soars on These 3 Strengths

Crypto Events Postponed, Bitcoin Miners Struggle Due to Coronavirus Outbreak

As the Wuhan Coronavirus spreads further across Asia – an important region for the crypto industry – industry players have started to feel the impact on their own businesses. As of this weekend, a number of crypto events have been postponed, mining gear manufacturers have announced supply chain disruptions, and some mining farms have even been forced to halt operations. According to the latest report (February 13) by the World Health Organization, globally, there were 46,997 cases confirmed. 46,...
Crypto Events Postponed, Bitcoin Miners Struggle Due to Coronavirus Outbreak

XRP Friendly Giant SBI in Deal to Use ‘World’s Largest Bitcon Mine’

Crypto-keen Japanese financial giant SBI has confirmed plans to collaborate with Whinstone, an American company that is currently building what will become the United States’ largest data center – and what its operators claim will be the world’s largest Bitcoin (BTC) mining facility. The deal, per a joint press release, will see SBI team up with the American company, which is owned by Frankfurt-headquartered mining operator Northern Data. SBI’s mining arm SBI Crypto will set up shop in the new d...
XRP Friendly Giant SBI in Deal to Use ‘World’s Largest Bitcon Mine’

Crypto Exchange Model Disruptor FCoin Reports 'Severe' Damages, Data Loss

Something is happening over at FCoin, a Chinese crypto exchange, and it resulted in the mysterious case of missing data. Meanwhile, the exchange opened a withdrawal process. FCoin was founded by the former CEO of Huobi exchange, Zhang Jian. It's said to be the pioneer of the trans-fee mining model, and it was the talk of the town when it promised to customers that they'll reimburse 100% of their transaction fees in the form of its native FT token. But today we find it open for withdrawa...
Crypto Exchange Model Disruptor FCoin Reports 'Severe' Damages, Data Loss

Are Chinese Bitcoin Mining Farms Moving to North America and Why?

Bitcoin (BTC) production is seemingly being shifted to North America from China, which dominates digital coin mining. But if so, what could be the reasons behind it? At the end of 2019, China's Bitcoin miners controlled some 65% of total hash power, according to CoinShares Research. Also, Chinese firms such as Bitmain and Canaan are the biggest manufacturers of bitcoin mining hardware in the world. "What I have seen recently, probably over the past three to six months, is a real growing shif...
Are Chinese Bitcoin Mining Farms Moving to North America and Why?

Here’s What Crypto-Related Lawsuits Can Teach Us

There’s a number of different ways one can get in trouble offering, selling or promoting unregistered and non-exempt tokens or coins, says Barrington Dyer, tech attorney and shareholder at Polsinelly law firm. But the past litigations can teach us a lesson on the blockchain law in the U.S. When it comes to the most active areas for blockchain litigation, securities fraud still dominates the space, but other areas are more active, such as: intellectual property, unfair competition, contracts, cla...
Here’s What Crypto-Related Lawsuits Can Teach Us

USD Coin Issuer Circle Sells Another Business + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. M&A news Voyager Digital Canada, the operator of U.S. digital asset broker Voyager and the Ethos Universal Wallet, said it has agreed to acquire Circle Invest, the retail digital asset business, from Circle, a company behind the popular USD Coin (USDC) stablecoin. This transaction adds more than 40,000 retail accounts to Voyager&...
USD Coin Issuer Circle Sells Another Business + More News

Second-Best Month For Bitcoin Futures on CME + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news Chicago Mercantile Exchange (CME Group), a major financial derivatives marketplace, said today that January 2020 was Bitcoin futures' second-best month since their 2017 launch, averaging 10,800 contracts, 69% greater than the average daily volume in 2019. Also, according to them, new options on Bitcoin futures a...
Second-Best Month For Bitcoin Futures on CME + More News

This is How "Bitcoin Only" Narrative Might Help Altcoins in 2020

A "healthier distribution" of the market is upon us, as a result of an eventual decline in Bitcoin (BTC) dominance and an altcoin bull run, estimated token data and rating agency TokenInsight. The agency published their 2019 cryptocurrency annual report, writing that the 2020 crypto market as a whole will see a stronger move, and this will be combined with a number of halvings events, “solidifying the market foundation for a bull market.” Specifically, Bitcoin’s upcoming mining reward halving in...
This is How

Bitcoin Predicted to Continue Higher After Breaching USD 10k

After bitcoin (BTC) forcefully broke through the USD 10,000 mark on Sunday, followed by a flash-crash down to USD 9,700 on Monday morning, analysts now predict that even larger gains may lie ahead for the number one digital asset. While the short-lived sell-off seen in the early hours of trading on Monday may have scared off some short-term speculators, the consensus in the community appears to be that this is normal profit-taking, potentially combined with a so-called “gap fill” on the CME futu...
Bitcoin Predicted to Continue Higher After Breaching USD 10k

RSK Opens Bridge Between Bitcoin and Ethereum + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news Bitcoin sidechain RSK said it has launched a two-way bridge between Bitcoin and Ethereum blockchains. Developers on either platform can send their tokens to the other ecosystem, leveraging the benefits of faster throughput, lower transaction fees, or variations in consensus mechanisms, as they wish, according to RSK....
RSK Opens Bridge Between Bitcoin and Ethereum + More News

Mixed Sentiment as Analysts Look For Crypto Market Direction

Bull market, bear market, or maybe altseason? Opinions are divided among crypto industry insiders on where exactly we are in the cycle, with some seeing a surge in prices ahead, and others remaining skeptical on whether the current rally is sustainable. The sense of confusion and mixed market sentiment also echoed by crypto trading venue SFOX, whose research team noted that “the SFOX Multi-Factor Market Index remains at neutral” in their latest crypto market report: “Based on our calculations an...
Mixed Sentiment as Analysts Look For Crypto Market Direction

Handshake Introduces a New Way to Send Your Crypto

Namebase and its blockchain Handshake have officially gone live, allowing their users to send funds to a simple name, instead of a complicated address. Handshake is a decentralized, permissionless naming protocol compatible with DNS (Domain Name System, a hierarchical and decentralized naming system), created by Namebase, an exchange, cloud wallet, and registrar for Handshake names and native coin HNS. The startup claims that a total of USD 10.2 million has been raised, with Handshake investors...
Handshake Introduces a New Way to Send Your Crypto

MyCointainer – The Ultimate Staking and Masternode Platform

Disclaimer: The text below is a sponsored article that was not written by Cryptonews.com journalists. For many people Bitcoin is the synonym of cryptocurrency and the forefront of decentralization regarding blockchain technology. To certain degree it’s true, as the original crypto asset still owns most of the total market capitalization in the industry. Due to high price of BTC it earning bitcoin is a challenge for those that don’t have access to powerful mining rigs – as it’s the only serious...
MyCointainer – The Ultimate Staking and Masternode Platform

Zcash Rallies as Changes to Mining Rewards Are Voted In

One of the best-known privacy coins, Zcash (ZEC), has jumped on the news that its community has said 'yes' to changes to Zcash mining rewards, meant to support the coin's development. ZEC has gone up 12% in the past day, 30% in a week, and a whopping 132% in a month, landing on USD 66 (at 10:21 UTC). The 25th coin by market capitalization of USD 578 million started rallying already at the beginning of January, dropping somewhat several times on its appreciating path, but then making ...
Zcash Rallies as Changes to Mining Rewards Are Voted In

Mexican Firm ups Crypto Bid for Presidential Plane + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Adoption news Isatech, the tech firm and crypto exchange operator bidding to by the for-sale Mexican presidential plane, appears to have raised its offer to the Mexican government. The company, which made a multi-million dollar offer in its own cryptocurrency, has promised to provide the government with blockchain technology softw...
Mexican Firm ups Crypto Bid for Presidential Plane + More News

Bitcoin Cash Dev Tax Still Might Go Live Despite Roger Ver Revokes Support

Bitcoin.com, an operator of a Bitcoin Cash (BCH) mining pool, said it will not support the so-called “dev tax” and will be working on another plan. However, some developers warn that the “dev tax” might still be implemented. “The dev tax is wounded, but not dead,” developer Peter Rizun, who is against the proposal, told Bloomberg. He pointed out that many key miners support the proposal, and could still implement it on May 15. Meanwhile, Bitcoin.com, led by Roger Ver, stressed that “this is a ...
Bitcoin Cash Dev Tax Still Might Go Live Despite Roger Ver Revokes Support

Competing Bitcoin Cash Mining Pool Averted 'For the Time Being'

A pool of anonymous Bitcoin Cash (BCH) miners decided not to start the competing pool “for the time being” and will continue to support the BCH pools after supporters of the controversial proposal clarified their ideas. The group believes that Bitcoin.com, an operator of a BCH mining pool, will convince other signatories to “severely amend” the proposal. "We would also like to thank the community to be able to have such a civilized discussion over this issue," the European and North American m...
Competing Bitcoin Cash Mining Pool Averted 'For the Time Being'

Iran Issues Over 1,000 Licences for Crypto Mining + More News

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Mining news The Iranian Ministry of Industries, Mining and Trade has issued more than 1,000 licenses for cryptocurrency mining units so far. Financial Tribune cites an official with Iran’s ICT Guild Organization, Amir Hossein Saiedi, saying that studies show that the crypto mining industry has the potential to add USD 8.5 billion ...
Iran Issues Over 1,000 Licences for Crypto Mining + More News

Bitcoin Needs New Blood. Will it Come?

New investors are the lifeblood of bitcoin (BTC). New investors rushed to buy BTC in December 2017, and it's new investors that are needed if the most popular cryptocurrency is to enjoy significant gains in 2020 and beyond. Research firm TokenInsight made this point in its annual mining industry report, writing that in "the long run, the main factor supporting the bitcoin price is the inflow of new investors." Also, Su Zhu, CEO of Singaporean hedge fund Three Arrows Capital, recently speakin...
Bitcoin Needs New Blood. Will it Come?
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